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2334 Highland St, Detroit, MI 48206

4 beds • 2 baths • 1280 sqft

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This property might be a fair Long-Term investment with a projected 9.02% first-year return on $27,279 initial cash invested.

9.02%

Cash On Cash

8.79%

Cap Rate

1.41

DSCR

$1,430

Rent

$205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$130k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$27,279

Downpayment

20%

$25,980

Closing costs

1%

$1,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,430

Total Expenses

$1,225

Mortgage P&I

47%

$674

Property Taxes

9%

$132

Home Insurance

3%

$46

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

2366 Highland St, Detroit, MI 48206

$1,400

4

1

1490

0 mi

2466 Highland St, Detroit, MI 48206

$1,600

4

1.5

0.1 mi

4220 Webb St, Detroit, MI 48204

$2,100

4

2

1850

1.1 mi

12851 2nd Ave, Highland Park, MI 48203

$1,000

4

1

1457

1.1 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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